FREE BOOKS

Author's List




PREV.   NEXT  
|<   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47  
48   49   50   51   52   53   54   55   56   57   >>  
ort to Congress in 1821, 'since our new moneys of account have been established. The dollar and the cent have become familiarised to the tongue, but the dime and the mill are so utterly unknown, that now, when the recent coinage of dimes is alluded to, it is always necessary to inform the reader that they are ten-cent pieces. Ask a tradesman in any of our cities what is a dime or a mill, and the chances are four in five that he will not understand your question.' This, however, we cannot help considering one of the greatest inconveniences of transatlantic and continental reckonings. We are accustomed to talk of amounts in as small numbers as possible; and one of the great advantages we see in decimal gradations is, that we should never have a number above 9, except in pounds. There is something not only troublesome but indefinite, in the idea of ten and twenty in comparison with one and two; and a French account in francs bewilders us when it amounts to thousands and millions. Probably the half and quarter francs of France, and the half and quarter dollars of America, have been the means of exploding the decimals next below them; and on this ground we differ from those who plead for the continuance of our present shillings and sixpences, as half and quarter florins. The shilling is a coin so inseparably connected with 12 and 20, that no decimal system will obtain while it exists. It is useless to say, that it would be retained only as a circulation coin, and not as a denomination in accounts; for so long as we have it at all, we will certainly reckon from it and by it. For purposes of common barter, there ought to be a two-cent piece, a four-cent, and perhaps a seven-cent; and thus we shall be compelled to _think decimally_. 'If it is worth while to alter at all,' says Mr Taylor, 'ought we not to go the whole required length, and aim without timidity at the possession of a scale complete at once within itself, and so escape an indefinite prolongation of the purgatory of transition? In a change like the one under consideration, the work of pulling down an old system is far more difficult than that of building up another, and every prop must be removed before it will fall.' With respect to the copper coins, there seems to be no hurry about disturbing them. It appears that the Dutch stiver and the French sou have maintained their place in spite of legislation. So, probably, would the English penny, and properly enough as a
PREV.   NEXT  
|<   23   24   25   26   27   28   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47  
48   49   50   51   52   53   54   55   56   57   >>  



Top keywords:

quarter

 

amounts

 

decimal

 

indefinite

 

system

 
francs
 

French

 

account

 

Taylor

 

decimally


complete
 

possession

 

timidity

 

length

 

required

 

reckon

 

accounts

 
moneys
 

retained

 

circulation


denomination

 

Congress

 

purposes

 

common

 

barter

 

compelled

 
escape
 
disturbing
 

appears

 
respect

copper

 

stiver

 

English

 
properly
 

legislation

 

maintained

 

removed

 

consideration

 
pulling
 

change


prolongation

 

purgatory

 

transition

 

building

 

difficult

 

obtain

 
alluded
 
numbers
 

accustomed

 

transatlantic